If you are planning to buy or sell bullion, you probably know that gold and silver are very different from your average purchase. For one, there are state and federal taxes to take into account.
If your bullion transactions will take place in Alaska, here is all you need to know about the state’s laws concerning bullion.
Alaska Sales Tax
Alaska is prime territory for purchasing bullion or coins. Since the state has no sales tax, bullion and coins are both tax free, and Anchorage does not have a local tax on such items.
Alaska Capital Gains Tax
Like every other state in the U.S., Alaska does have a federal capital gains tax. However, this capital gains tax will not exceed 28% in this state.
A truly diversified portfolio includes precious metals, so when you're planning for retirement, consider adding qualified bullion to your Self Directed IRA. Contact us to get started or visit our Precious Metals IRA page to learn how you can invest.
Looking for a Local Coin Show?
We attend a number of coin shows throughout the country each year. Here's where and when you'll find us at an expo near you.
Want to Join a Coin Club in Alaska?
We regularly update a list of Alaska local coin clubs for those searching. If you've already joined a club, make sure yours is listed.
Want to Buy Coins Locally?
Looking for somewhere nearby where you can purchase coins or other precious metal items? Check out our coin shop directory to find a place to buy coins near you.
Do you know 20 facts about Alaska?
Alaska has not been a part of the United States for very long compared to others, but its vast wilderness and interesting history make it iconic. Here are 20 facts about our 49th state.